The financial strength rating of “A-” (Excellent) of Prudential Property and Casualty Group and its separately rated subsidiary, THI Holdings Group (Cleveland, Ohio), are under review by A.M. Best, with negative implications. The under review status reflects A.M. Best’s concerns with the continued sub-par operating performance and stand-alone capitalization of Prudential Property and Casualty Group, despite improvement in accident-year 2002 performance. In addition, it reflects continued concerns for the long-term strategic fit for property and casualty companies in Prudential Financial.
Topics Property Casualty
Was this article valuable?
Here are more articles you may enjoy.
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
Company at Center of Cyclospora Outbreak Complained to White House, Source Says 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Trump’s Diversity Crackdown Reverberates Through US Boardrooms From This Issue
